FAQs

• What is GL Advisor ?

  GL Advisor was developed to provide solutions to the critical financial issues facing new graduates and young professionals, including mitigating the cost of student loan debt and other forms of debt through proven strategies, the use of government subsidy programs as appropriate, and optimal allocation of discretionary funds. The service provides actionable plans and solutions that are tailored to busy individuals who have little time but are making significant financial decisions. GL Advisor takes a comprehensive view by focusing on clients' assets and liabilities in order to improve their financial net worth. Click here to learn more about our history.

  If you are interested in learning more and would like to receive a free, initial assessment, please click here.

• Who can benefit from GL Advisor?

  GL Advisor’s services benefit individuals in a variety of situations. Our services are typically best suited for graduate professionals with student loan debt who are in their final years of school or have completed their degree within the past 5 to 7 years.

  If you are concerned about your financial future or just want an expert in your corner to do the legwork, GL Advisor is the solution.

• How can GL Advisor help me?

  Upon leaving school, new graduates often find themselves with a significant amount of debt. GL Advisor will help you understand your debt and financial situation, develop a comprehensive plan for effectively managing your debt and related financial matters, and assist you in executing your plan. The goal is to ensure you are on a path to achieving a positive net worth.

  Additional services for Health Professionals
  

  Medical students entering their residency programs often wonder about the best way to manage their debt during this period. GL Advisor will explain new and updated government programs such as Income-Based Repayment and Deferment and help you make the most of using them.

  Additional services for Attorneys
  

  Many law students leave school with a large amount of education-related debt. Whether they select a career in the private sector or in public service, managing debt is a top priority. Regardless of career choice, GL Advisor will explain new and updated government programs such as Income-Based Repayment and help you make the most of using them.

  For those interested in a career in public service, the high cost of law school debt can deter many new attorneys from starting a career in public service after graduating; however, there are programs available to help make repaying debt more manageable. GL Advisor will work with you to explain the new Public Service Loan Forgiveness Program and how best to take advantage of it.

  Additional services for Other Graduate Students
  

  GL Advisor can assist with debt repayment, payment relief program support, and decision support for other financial matters.

• Why would I use GL Advisor’s service when I can do this on my own?

  GL Advisor takes a comprehensive view of the critical financial decisions in front of graduates during their first few years out of school by creating a service that spans beyond just student loan debt.

  With the proper research and significant due diligence some components of the personalized plans we provide could be developed by committed individuals on their own. However, most new professionals would rather retain skilled advisory support so they can focus on their career. By working with GL Advisor, you can rest assured that you have a team of highly-trained, knowledgeable advisors who understand your particular situation. We take pride in working with you to minimize the cost of student loan debt, increase liquidity through payment relief and save time so you can focus on your career.

• How does GL Advisor work?

  To get started, sign up to receive a free student debt assessment by clicking here. Once we receive your information, our team will perform a comprehensive analysis of your debt and provide you with a personalized assessment which outlines your estimated monthly payments and potential savings resulting from federal student debt relief programs, such as Income-Based Repayment and Public Service Loan Forgiveness, and other customized repayment strategies.

  After reviewing your assessment, you can retain GL Advisor for an annual fee to help lower the cost of your debt and improve your overall financial situation. As a GL Advisor client, you will receive:

  • An integrated financial plan including a web-based dashboard
  • Personalized support from an assigned advisor
  • Management of form completion, loan transfers, and enrollment in government programs
  • Preparation and filing of both federal and state tax returns
  • Additional financial services support including long-term financial planning, investment advice, and insurance evaluation support, as appropriate
• How do I sign up for GL Advisor ?

  Click here to learn more about GL Advisor and to receive a free, initial assessment.

• Is the information I provide to GL Advisor secure?

  Yes. GL Advisor is committed to protecting your privacy. The information we collect about you online is safeguarded and encrypted using the Secure Sockets Layer (SSL). Your information is used to provide you with a more personalized process; we do not sell, share, or release your information to unauthorized third parties. Look for two security icons, the “s” after “http” in the address line and the lock in the bottom status bar in your internet browser. For more details, please view our privacy policy.

• When does the repayment of my student loan(s) begin?

  Your student loan(s) will enter repayment at different times, depending on the type of loan(s) you have and the lender that you have selected. Below is a general guideline on when loans typically enter repayment.

  • Stafford Loan: Repayment starts 6 months after graduation or when you are no longer enrolled in school as at least a half-time student.
  • Graduate PLUS Loan: All Graduate PLUS loans disbursed on or after July 1, 2008 will automatically receive a 6 month grace period after an in-school deferment.
  • Private Loan: Private loans generally enter repayment 6 months after graduation or when you are no longer enrolled in school as at least a half-time student. Your private loan lender can provide specific repayment information.
• What is Income-Based Repayment (IBR)?

  As part of the College Cost Reduction and Access Act of 2007 (CCRAA) a new repayment option for federal loans called Income-Based Repayment (IBR) was introduced. IBR can significantly reduce monthly payments for high debt/lower income borrowers. IBR became available as of July 1, 2009.

  GL Advisor will help you understand and fully utilize this repayment option, if applicable.

• What is the Public Service Loan Forgiveness Program?

  As part of the College Cost Reduction and Access Act of 2007 (CCRAA) a public service loan forgiveness program was introduced. With this program, the government will forgive remaining federal debt on Direct Loans after the borrower makes 120 monthly payments while working full-time in certain public service jobs.

  GL Advisor will help eligible graduates understand and fully utilize this loan forgiveness program, if applicable.